Quanzhou Huixin Reports Decreased Mid-Year Profits

Quanzhou Huixin Micro-credit Co., Ltd. Class H (HK:1577) has released an update.

Quanzhou Huixin Micro-credit Co., Ltd. has released its unaudited interim financial results for the first half of 2024, showing a net profit of 36.6 million RMB, a slight decrease from the 42.8 million RMB reported in the same period last year. This performance reflects a dip in interest income and a rise in impairment losses on loans and accounts receivables, despite reduced interest expenses and some gains in other income. The results were prepared in accordance with Hong Kong Financial Reporting Standards and have been reviewed by the Company’s Board and Audit Committee.

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